11 h. ago Africa Oil Week 2025: AOW CEO Paul Sinclair on Ghana’s strategic role and Africa’s future

Ahead of the summit, Paul Sinclair, CEO of AOW Energy, shared insights with JoyBusiness’ Daryl Kwawu on why Ghana was chosen as host, key themes for the event, and the future of Africa’s upstream sector.

Politics

47 h. ago Africa Prosperity Network Sues Oil Week Organisers Over Unpaid Fees

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/africa-prosperity-network-sues-oil-week-organisers-over-unpaid-fees/The Africa Prosperity Network has filed a lawsuit against UK-based Sankofa Advisory Group seeking $300,000 in unpaid service fees for work related to relocating the Africa Oil Week conference from Cape Town to Accra. The legal action, filed through Ghana’s High Court, stems from a partnership agreement signed in July 2024 that APN alleges was […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/africa-prosperity-network-sues-oil-week-organisers-over-unpaid-fees/

Politics

66 h. ago Ghana Launches Initiative to Close Massive Palm Oil Production Gap

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-launches-initiative-to-close-massive-palm-oil-production-gap/Ghana’s Ministry of Food and Agriculture has unveiled comprehensive measures to address a critical production shortfall that sees the country consuming five times more palm oil than it produces domestically. Annual palm oil consumption reaches approximately 250,000 metric tonnes while domestic production remains at just 50,000 metric tonnes, according to ministry officials. The imbalance contributes […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-launches-initiative-to-close-massive-palm-oil-production-gap/

Politics

3 d. ago Transport Union Warns Drivers Against Illegal Fare Hikes Despite Rising Fuel Costs

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/transport-union-warns-drivers-against-illegal-fare-hikes-despite-rising-fuel-costs/The Ghana Private Road Transport Union has issued a stern warning to drivers against increasing transport fares without official approval, even as fuel prices continue their upward climb. The caution follows another round of fuel price increases that took effect on September 1, despite falling crude oil prices on international markets. According to data from […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/transport-union-warns-drivers-against-illegal-fare-hikes-despite-rising-fuel-costs/

Events

3 d. ago Russian oil deals cement Moscow’s ties with China and India against Western pressure

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/russian-oil-deals-cement-moscows-ties-with-china-and-india-against-western-pressure/Monday’s high-profile meeting between Vladimir Putin, Xi Jinping, and Narendra Modi at the Shanghai Cooperation Organisation summit highlighted how energy partnerships have reshaped global alliances, with discounted Russian crude drawing Asia’s giants closer together. Since Western nations severed economic ties with Moscow over the Ukraine invasion, Russia has increasingly relied on India and China as […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/russian-oil-deals-cement-moscows-ties-with-china-and-india-against-western-pressure/

Events

4 d. ago Crude Rally and Currency Decline Set to Drive Ghana Fuel Costs Higher

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/crude-rally-and-currency-decline-set-to-drive-ghana-fuel-costs-higher/International oil markets staged a recovery on Monday as Brent crude approached $68 per barrel, ending weeks of declining prices and threatening to reverse potential fuel savings for Ghanaian consumers. The rebound coincides with significant cedi weakness that could amplify domestic price pressures. Global crude had offered hope for relief after Brent dropped nearly 7% […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/crude-rally-and-currency-decline-set-to-drive-ghana-fuel-costs-higher/

Politics

4 d. ago Ghana’s Oil Industry Chief Sees Growth Window Opening Under New Government

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-industry-chief-sees-growth-window-opening-under-new-government/Ghana’s upstream petroleum sector is experiencing renewed optimism as the new administration signals the country is ready to welcome fresh investment, according to David Ampofo, CEO of the Ghana Upstream Petroleum Chamber. Speaking about the industry’s prospects, Ampofo emphasized that both existing and new investors are counting on the government to maintain momentum and deliver […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-industry-chief-sees-growth-window-opening-under-new-government/

Politics

6 d. ago Cedi Weakness Set to Drive Fuel Price Surge Despite Global Oil Drop

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-weakness-set-to-drive-fuel-price-surge-despite-global-oil-drop/Ghana’s weakening currency threatens to push petroleum prices sharply higher from September, potentially derailing the country’s progress toward single-digit inflation by year-end. The Chamber of Oil Marketing Companies projects petrol prices will climb between 3.86 and 5.40 percent, bringing the average cost per litre to around 13.67 cedis. Diesel faces a 3.39 percent increase to […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cedi-weakness-set-to-drive-fuel-price-surge-despite-global-oil-drop/

Politics

8 d. ago Ghana’s oil revenue rises despite continuous production decline

Ghana’s petroleum revenue rose significantly in 2024, reaching its second-highest annual level despite a continued decline in crude oil production, according to the Public Interest and Accountability Committee (PIAC).

Politics

9 d. ago Trump’s 50% India Tariffs Take Effect, Straining Key Partnership

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/trumps-50-india-tariffs-take-effect-straining-key-partnership/The United States imposed punitive tariffs of up to 50 percent on Indian goods today, marking a dramatic escalation in trade tensions between two countries that have grown increasingly close over the past two decades. President Donald Trump imposed the crushing tariff on Indian goods to punish the country for buying Russian oil, a move […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/trumps-50-india-tariffs-take-effect-straining-key-partnership/

Politics

9 d. ago Foreign Control of Key Sectors Threatens Ghana’s Economic Independence

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/foreign-control-of-key-sectors-threatens-ghanas-economic-independence/Ghana’s major industries have slipped into foreign hands, leaving local businesses scrambling for survival as policymakers consider further liberalization that could accelerate the trend. The Ghana Union of Traders’ Associations warns that banking, telecommunications, insurance, oil and gas, and mining sectors now operate under predominantly foreign ownership, raising questions about the country’s economic sovereignty. “We […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/foreign-control-of-key-sectors-threatens-ghanas-economic-independence/

Events

1 week ago Ghana’s Oil Revenue Transparency Under Fire as Budget Details Vanish

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-revenue-transparency-under-fire-as-budget-details-vanish/Civil society groups are raising red flags over Ghana’s oil revenue management after recent changes stripped crucial financial details from government budget statements. The shift has left watchdog organisations struggling to track how petroleum revenues are being spent. Where previous budgets clearly outlined spending from the Annual Budget Funding Amount, the current approach simply lists […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-revenue-transparency-under-fire-as-budget-details-vanish/

Events

1 week ago Ghana National Petroleum Corporation’s workers clean Tema streets

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-national-petroleum-corporations-workers-clean-tema-streets/Ghana’s state oil company sent executives into the streets this week, turning a busy Tema road into an unlikely workplace for corporate environmental action. Staff from Ghana National Petroleum Corporation grabbed brooms and trash bags to clear debris from Meridian-Harbor Road. The unusual sight of oil industry workers doing street cleaning forms part of what […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-national-petroleum-corporations-workers-clean-tema-streets/

Politics

1 week ago Oil Prices Retreat After Ukraine Strikes Russian Energy Infrastructure

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/oil-prices-retreat-after-ukraine-strikes-russian-energy-infrastructure/Brent crude fell on Tuesday following a sharp rally that pushed prices to three-week highs, offering temporary relief to oil-importing African nations including Ghana that have struggled with elevated fuel costs. The retreat came after Ukrainian drone strikes on Russian refineries sent Brent to $68.80 per barrel on Monday, its highest level since early August. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/oil-prices-retreat-after-ukraine-strikes-russian-energy-infrastructure/

Events

1 week ago Think Tank Warns Palm Oil Smuggling Undermines Ghana’s Production Drive

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/think-tank-warns-palm-oil-smuggling-undermines-ghanas-production-drive/Ghana’s efforts to boost domestic palm oil production face a critical obstacle that increased cultivation alone cannot solve, according to policy research organization IMANI Africa. The think tank’s latest analysis warns that smuggling and unfair competition threaten to undermine government initiatives aimed at revitalizing the country’s struggling palm oil sector. Without addressing illicit trade flows, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/think-tank-warns-palm-oil-smuggling-undermines-ghanas-production-drive/

Events

2 w. ago Nigerian Coalition Demands Extradition of Former Oil Chief in Corruption Probe

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/nigerian-coalition-demands-extradition-of-former-oil-chief-in-corruption-probe/A coalition of political parties and civil society organizations is demanding the extradition of Mele Kyari, former head of Nigeria’s state oil company, following a court order freezing bank accounts linked to him. The groups describe the move as a first step in investigating what they claim is widespread looting of the country’s oil wealth. […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/nigerian-coalition-demands-extradition-of-former-oil-chief-in-corruption-probe/

Politics

2 w. ago Think Tank Urges Major Shift in Ghana’s Mining and Oil Revenue Strategy

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/think-tank-urges-major-shift-in-ghanas-mining-and-oil-revenue-strategy/A leading economic policy institute is pushing for a fundamental overhaul of how Ghana manages income from its natural resources. The Institute for Fiscal Studies argues that the country’s continued reliance on concession-based models in mining and oil has limited national revenue and weakened economic stability. Senior Research Fellow Leslie Dwight Mensah says switching to […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/think-tank-urges-major-shift-in-ghanas-mining-and-oil-revenue-strategy/

Politics

2 w. ago Energy Minister inaugurates Explorco Board to boost oil exploration

The Minister of Energy and Green Transition, John Abdulai Jinapor (MP), has inaugurated a new board of directors for GNPC Exploration and Production Limited (Explorco), tasking them with the responsibility of strengthening Ghana’s oil exploration efforts.

Politics

2 w. ago Ghana’s Oil Sector Faces Decline as Regulator Calls for Urgent Investment

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-sector-faces-decline-as-regulator-calls-for-urgent-investment/Ghana’s oil production has fallen for five years straight, and a key oversight body is now sounding the alarm. The Public Interest and Accountability Committee (PIAC) is urging Parliament to push for new investments in the country’s upstream petroleum sector, warning that the industry is facing a serious downturn. At a media engagement in Tamale, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-sector-faces-decline-as-regulator-calls-for-urgent-investment/

Politics

2 w. ago Billionaire Otedola Shares His Blueprint for Success in New Memoir

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/billionaire-otedola-shares-his-blueprint-for-success-in-new-memoir/Nigerian billionaire Femi Otedola has released a deeply personal account of his rise to the top of Africa’s business world. His new memoir, Making It Big: Lessons from a Life in Business, details the strategic moves and resilient mindset that propelled him from entrepreneurial dreams to building a vast empire in oil, power, and finance by […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/billionaire-otedola-shares-his-blueprint-for-success-in-new-memoir/

Politics